Thailand : Why Liberalization May Stall in a Mature Power Market
This review argues that, following the 1997 crisis, the proposed reform plan was helped by some particularly conducive country factors: a tough, but not paralyzing challenge, a quick return to macroeconomic stability, and, and influential reform ch...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/10/3022576/thailand-liberalization-may-stall-mature-power-market-review-technical-pollitical-economy-factors-constrained-electricity-sector-reform-thailand-1998-2002 http://hdl.handle.net/10986/19649 |
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okr-10986-196492021-04-23T14:03:38Z Thailand : Why Liberalization May Stall in a Mature Power Market World Bank ACCOUNTING AUCTIONS BIDDING BOOK VALUE CLEAN COAL CLEAN FUELS COAL COAL TECHNOLOGIES COMMERCIALIZATION COMPETITIVENESS CREDITWORTHINESS DEBT DEVELOPING COUNTRY CONTEXT ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMISTS ELECTRIC POWER ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY EMPLOYMENT END-USE ENERGY CONSERVATION ENERGY PRACTICES ENERGY PRICES ENVIRONMENTAL IMPACT ENVIRONMENTAL MANAGEMENT FISCAL DEFICITS FISCAL PERFORMANCE FUEL FUEL CONSUMPTION GAS GAS RESOURCES IMPORTS INCOME INFLATION LABOR PRODUCTIVITY LEGISLATION LICENSES LOAN GUARANTEES MACROECONOMIC STABILITY MARKET FAILURES MARKET LIBERALIZATION MARKET REFORMS MARKET RISK MARKET STRUCTURE MARKETING MINES MONOPOLIES NATURAL GAS PETROLEUM PRODUCTS POLITICAL ECONOMY PRICE CAPS PRICE CHANGES PRICING REFORMS PRIVATE SECTOR PRODUCERS PRODUCTIVITY PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR INVESTMENTS PUBLIC SECTOR REFORM REFORM PROGRAMS RETAIL SALES SUPPLIERS SUSTAINABLE ENERGY TRANSFER PRICES This review argues that, following the 1997 crisis, the proposed reform plan was helped by some particularly conducive country factors: a tough, but not paralyzing challenge, a quick return to macroeconomic stability, and, and influential reform champion. However, many sector factors worked against the plan, among these were the sector's acceptable level of efficiency, and consistent resistance by incumbent state-owned utilities, and a biased reading of the international experience. Although market liberalization was politically feasible, its political desirability was weak. The report pays particular attention to: 1) sequencing reform; 2) adapting and making amends to the market model, but minimizing risks, and cost of market failures in a developing country context; and, 3) selling the reform, by improving perceptions of benefits and costs, especially mitigating social impacts. Particularly suggested is the interaction between the political economy, and the technical design of reform, i.e., in order for negotiations to arrive at a politically desirable, and feasible roadmap, they must be subjected to a technical scrutiny, that ensures that the final reform plan is sound. 2014-08-25T20:08:36Z 2014-08-25T20:08:36Z 2003-10 http://documents.worldbank.org/curated/en/2003/10/3022576/thailand-liberalization-may-stall-mature-power-market-review-technical-pollitical-economy-factors-constrained-electricity-sector-reform-thailand-1998-2002 http://hdl.handle.net/10986/19649 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research East Asia and Pacific Thailand |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AUCTIONS BIDDING BOOK VALUE CLEAN COAL CLEAN FUELS COAL COAL TECHNOLOGIES COMMERCIALIZATION COMPETITIVENESS CREDITWORTHINESS DEBT DEVELOPING COUNTRY CONTEXT ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMISTS ELECTRIC POWER ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY EMPLOYMENT END-USE ENERGY CONSERVATION ENERGY PRACTICES ENERGY PRICES ENVIRONMENTAL IMPACT ENVIRONMENTAL MANAGEMENT FISCAL DEFICITS FISCAL PERFORMANCE FUEL FUEL CONSUMPTION GAS GAS RESOURCES IMPORTS INCOME INFLATION LABOR PRODUCTIVITY LEGISLATION LICENSES LOAN GUARANTEES MACROECONOMIC STABILITY MARKET FAILURES MARKET LIBERALIZATION MARKET REFORMS MARKET RISK MARKET STRUCTURE MARKETING MINES MONOPOLIES NATURAL GAS PETROLEUM PRODUCTS POLITICAL ECONOMY PRICE CAPS PRICE CHANGES PRICING REFORMS PRIVATE SECTOR PRODUCERS PRODUCTIVITY PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR INVESTMENTS PUBLIC SECTOR REFORM REFORM PROGRAMS RETAIL SALES SUPPLIERS SUSTAINABLE ENERGY TRANSFER PRICES |
| spellingShingle |
ACCOUNTING AUCTIONS BIDDING BOOK VALUE CLEAN COAL CLEAN FUELS COAL COAL TECHNOLOGIES COMMERCIALIZATION COMPETITIVENESS CREDITWORTHINESS DEBT DEVELOPING COUNTRY CONTEXT ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMISTS ELECTRIC POWER ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRICES ELECTRICITY SECTOR ELECTRICITY SUPPLY EMPLOYMENT END-USE ENERGY CONSERVATION ENERGY PRACTICES ENERGY PRICES ENVIRONMENTAL IMPACT ENVIRONMENTAL MANAGEMENT FISCAL DEFICITS FISCAL PERFORMANCE FUEL FUEL CONSUMPTION GAS GAS RESOURCES IMPORTS INCOME INFLATION LABOR PRODUCTIVITY LEGISLATION LICENSES LOAN GUARANTEES MACROECONOMIC STABILITY MARKET FAILURES MARKET LIBERALIZATION MARKET REFORMS MARKET RISK MARKET STRUCTURE MARKETING MINES MONOPOLIES NATURAL GAS PETROLEUM PRODUCTS POLITICAL ECONOMY PRICE CAPS PRICE CHANGES PRICING REFORMS PRIVATE SECTOR PRODUCERS PRODUCTIVITY PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR INVESTMENTS PUBLIC SECTOR REFORM REFORM PROGRAMS RETAIL SALES SUPPLIERS SUSTAINABLE ENERGY TRANSFER PRICES World Bank Thailand : Why Liberalization May Stall in a Mature Power Market |
| geographic_facet |
East Asia and Pacific Thailand |
| description |
This review argues that, following the
1997 crisis, the proposed reform plan was helped by some
particularly conducive country factors: a tough, but not
paralyzing challenge, a quick return to macroeconomic
stability, and, and influential reform champion. However,
many sector factors worked against the plan, among these
were the sector's acceptable level of efficiency, and
consistent resistance by incumbent state-owned utilities,
and a biased reading of the international experience.
Although market liberalization was politically feasible, its
political desirability was weak. The report pays particular
attention to: 1) sequencing reform; 2) adapting and making
amends to the market model, but minimizing risks, and cost
of market failures in a developing country context; and, 3)
selling the reform, by improving perceptions of benefits and
costs, especially mitigating social impacts. Particularly
suggested is the interaction between the political economy,
and the technical design of reform, i.e., in order for
negotiations to arrive at a politically desirable, and
feasible roadmap, they must be subjected to a technical
scrutiny, that ensures that the final reform plan is sound. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Thailand : Why Liberalization May Stall in a Mature Power Market |
| title_short |
Thailand : Why Liberalization May Stall in a Mature Power Market |
| title_full |
Thailand : Why Liberalization May Stall in a Mature Power Market |
| title_fullStr |
Thailand : Why Liberalization May Stall in a Mature Power Market |
| title_full_unstemmed |
Thailand : Why Liberalization May Stall in a Mature Power Market |
| title_sort |
thailand : why liberalization may stall in a mature power market |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/10/3022576/thailand-liberalization-may-stall-mature-power-market-review-technical-pollitical-economy-factors-constrained-electricity-sector-reform-thailand-1998-2002 http://hdl.handle.net/10986/19649 |
| _version_ |
1764437302708273152 |